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Ellie and David Rubenstein on what they learned from each other about investing

Billionaire investor David Rubenstein says he and his daughter, Ellie, have a "symbiotic relationship" and have learned investing lessons from one another.

Video Transcript

ELLIE RUBENSTEIN: Well, I'm sitting in my childhood home, I just drove here 20 minutes ago. It's the first time I've been here, I guess since my father has become the quarantine king. And I had memories of going to Freshfields, which was a company that-- that Carlyle actually bought. And I remember the most exciting thing about my dad's job was when they bought a grocery store, we got to go into it the day before. So for me it was always about learning and understanding and going with him and seeing the innovation. And in that case, what I remember was that was one of the first grocery stores that actually had a sushi chef in it, so you could get sushi like a-- you know the takeaway sushi. So what I would say is I think that people that are children of famous people, instead of looking at it you know, how did they make their money? Try to figure out what it is that makes them tick, and then take it and make it your own. And that's what I've done in my own case, I've always been very focused on health and nutrition and improving human health.

- Ellie, you certainly did find [INAUDIBLE] what makes yourself tick. And I know that's something that's [INAUDIBLE] here. We'll talk about that a little bit more in just a second. But David, I want to ask you first just-- Ellie I certainly learned a lot from you, we just heard that. But I also have the feeling that you've learned a lot from Ellie, as well. I'm curious just how Ellie has influenced your way of thinking about potential investments over the years.

DAVID RUBENSTEIN: Well she's convinced me that healthy food is probably going to make me live longer, that I should exercise more, that I should probably invest more in her fund. That I should realize that healthy food is the wave of the future and I think I learned a lot. So it's a symbiotic relationship, she may have learned some things from me but I think I'm now learning much more from her.